Short Interest in Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) Decreases By 69.4%

Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 17,300 shares, a decrease of 69.4% from the October 31st total of 56,500 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 90,800 shares, the days-to-cover ratio is presently 0.2 days.

Lytus Technologies Holdings PTV. Stock Performance

NASDAQ:LYT traded up $0.03 on Wednesday, reaching $1.60. 57,115 shares of the company’s stock traded hands, compared to its average volume of 651,162. The stock has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $2.09. Lytus Technologies Holdings PTV. has a 12 month low of $1.40 and a 12 month high of $18.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.72.

Lytus Technologies Holdings PTV. Company Profile

Lytus Technologies Holdings PTV. Ltd. operates as a platform services company in India. The company engages in the distribution of linear content streaming/telecasting services; and development of telemedicine products. Lytus Technologies Holdings PTV. Ltd. was incorporated in 2020 and is based in Dubai, the United Arab Emirates.